“Were you around in 1980 when IBM had 80% or more of the worldwide computing market and were getting sued by the DOJ for anti-trust violations ??:”
Yes I was. I transitioned my company’s computer systems from mainframes to mid-range and mini-computers, to networked database client server operations, over twenty years.
Yes, IBM is not the company they used to be.
But here is another chart that explains how all that is regardless of a good stock value, which is what boards of directors are supposed to be focused on - the fiduciary responsibility to stock holders.
https://www.macrotrends.net/stocks/charts/IBM/ibm/stock-price-history
Was buying the weather channel fulfilling its fiduciary responsibility instead of investing in something in the computer industry, like the one ex-IBMer who posted in this thread their CEO was selling off parts of the company and pocketing millions only to see go to things like buying the weather channel, basically they bear no resemblance to their former self